Holocene Advisors LP Purchases 19,722 Shares of Cheniere Energy, Inc. $LNG

Holocene Advisors LP lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460,422 shares of the energy company’s stock after buying an additional 19,722 shares during the period. Holocene Advisors LP owned about 0.21% of Cheniere Energy worth $108,190,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Cheniere Energy in the fourth quarter worth approximately $335,000. SBI Securities Co. Ltd. raised its stake in shares of Cheniere Energy by 42.1% during the second quarter. SBI Securities Co. Ltd. now owns 456 shares of the energy company’s stock worth $111,000 after acquiring an additional 135 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Cheniere Energy by 24.6% during the second quarter. PNC Financial Services Group Inc. now owns 15,829 shares of the energy company’s stock worth $3,855,000 after acquiring an additional 3,130 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Cheniere Energy by 7.3% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,798 shares of the energy company’s stock worth $438,000 after acquiring an additional 123 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Cheniere Energy by 2.6% in the 2nd quarter. Creative Planning now owns 96,310 shares of the energy company’s stock worth $23,453,000 after acquiring an additional 2,429 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.6%

NYSE:LNG opened at $252.44 on Monday. The firm has a market capitalization of $53.06 billion, a P/E ratio of 10.39 and a beta of 0.25. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average of $218.91 and a 200 day moving average of $217.23. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $259.24.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm earned $4.33 EPS. The company’s revenue was up 22.9% on a year-over-year basis. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 26th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, February 6th. Cheniere Energy’s dividend payout ratio is currently 9.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LNG shares. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Wells Fargo & Company lowered their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research note on Friday. Scotiabank upped their price target on shares of Cheniere Energy from $266.00 to $285.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 5th. Royal Bank Of Canada decreased their price objective on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Finally, Citigroup lowered their target price on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $264.39.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.